Touchstone Exploration Inc. Concludes Successful Fundraising

Touchstone Exploration Inc., based in Calgary, completed its WRAP Retail Offer as part of a larger fundraising initiative. This initiative included a Subscription, Placing, and LIFE Offering, collectively raising gross proceeds of approximately US$10.9 million. Among the funds generated, US$1.9 million came from Purebond Limited's subscription, US$8.4 million through unsecured non-convertible Debt Securities, and US$0.6 million from other investors.

A total of 26,631,330 New Common Shares were placed with investors, representing 8.2% of the company's pre-fundraise share capital. Of these, Purebond subscribed to 20,235,000 shares. The initial admission of these shares is scheduled for June 10, 2026, on both AIM and TSX, subject to regulatory approval.

The company highlighted that shareholder approval is needed for the repayment and conversion of Debt Securities into shares. It was also noted that Purebond's investment renders this a related party transaction, reviewed for fairness by a special committee.